H.C. Wainwright Believes Acer Therapeutics Inc (ACER) Still Has Room to Grow


In a report released today, Ram Selvaraju from H.C. Wainwright reiterated a Buy rating on Acer Therapeutics Inc (NASDAQ: ACER), with a price target of $55. The company’s shares closed yesterday at $30.88, close to its 52-week high of $34.10.

According to TipRanks.com, Selvaraju is a 3-star analyst with an average return of 3.7% and a 45.2% success rate. Selvaraju covers the Healthcare sector, focusing on stocks such as Biospecifics Technologies Corp, EyePoint Pharmaceuticals Inc, and Bausch Health Companies Inc.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Acer Therapeutics Inc with a $50.67 average price target.

See today’s analyst top recommended stocks >>

Based on Acer Therapeutics Inc’s latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of $4.84 million. In comparison, last year the company had a GAAP net loss of $678.2K.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Acer Therapeutics, Inc. is a pharmaceutical company, which engages in the acquisition, development, and commercialization of therapies for patients with serious rare and ultra-rare diseases with critical unmet medical need. Its products include Edsivo and ACER-001. Edsivo is a type of celiprolol for Vascular Ehlers-Danlos syndrome.

Stay Ahead of Everyone Else

Get The Latest Stock News Alerts